Tag: South Korea
South Korea Investors Push for Two-Year Delay to Crypto Tax
South Korean investors secured 50,000 signatures to seek a two-year crypto tax delay. The planned crypto tax would impose a combined 22% rate on qualifying…
Bithumb Wins Two Lawsuits Over 620,000 BTC Credit Error
Bithumb has won two lawsuits seeking recovery from users who sold mistaken Bitcoin credits. The exchange recovered 99.7% of the 620,000 BTC mistakenly credited during…
Shinhan Asset Management Picks Solana for KRW Tokenized Fund
Shinhan is testing a Korean won tokenized fund on Solana for global institutions. The pilot examines compliance, issuance, distribution, and onchain fund liquidity. Korea’s tokenized…
South Korea Confirms 22% Crypto Tax Will Cover Private Wallets in 2027
South Korea will tax qualifying crypto income from private wallets starting in 2027. The planned tax includes a 2.5 million won deduction and a 22%…
South Korean Bank Adopts Ripple Payments in Major XRP Boost
Jeonbuk becomes South Korea’s first regional bank using Ripple Payments infrastructure. Ripple targets faster 24/7 cross-border payments for Korean business customers. Ripple’s Korea expansion grows…
South Korea’s Largest Bank Adopts JPMorgan’s Kinexys Blockchain
KB Kookmin becomes South Korea’s first bank to use JPMorgan’s Kinexys payments network. New service enables faster USD transfers across 10 countries for import and…
Upbit Lists Euler (EUL) on KRW Market as Token Jumps Into Spotlight
Upbit launches EUL KRW trading, expanding direct access for Korean investors. EUL jumped 74% before trading as listing news fueled strong market demand. Upbit imposed…
Circle Teams Up With Kakao and Toss for South Korea USDC Push
Circle signed MOUs with Kakao and Toss to expand USDC infrastructure across South Korea. Partnerships target payments, remittances, settlements, and digital asset connectivity. Circle continues…
Mirae Asset Completes Acquisition of South Korean Crypto Exchange Korbit
Mirae Asset Consulting becomes Korbit’s controlling shareholder after completing regulatory approval procedures. Korbit users will experience no changes as deposits, services, and data policies remain…
